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0 0.00107353730542134 0.00644122383252804 0.00751476113794957 0.00751476113794957 0.000536768652710575 0.0311325818572194 0.0206655931293611
Stock impact report

Consumers will bear the brunt of tariff costs, say economists [Yahoo! Finance]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Yahoo! Finance
President Trump announced late Wednesday a comprehensive package of tariffs, including a broad 10% duty on all imports and a sliding scale of “discount reciprocal tariffs,” which actually are based on trade deficits with each nation. That includes a 34% tariff on goods from China and 20% on those from the EU, plus a raft of other high percentages for Vietnam, Taiwan, Japan, India and Indonesia, Fortune reported “Conventional economic wisdom would say that the tariff costs will be passed forward to consumers,” Andrew Phillips, EY global government and infrastructure economics, finance and tax leader, said during the firm's tariff media briefing on Thursday. “I think where competition is weaker, or margins are already tight, consumers are going to see prices move upward,” Phillips said. However, companies in industries with heavy regulation, long-term contracts, product differentiation or high margins might be less likely or able to pass forward these costs to consumers, he explain Show less Read more
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